This is a friendly, interactive exchange of information on all Real Estate related subjects. Follow on Twitter: @RETALKS


Moderator: admin

 
yzfr1
Real Estate Talker
Posts: 286
Joined: Tue Mar 19, 2013 8:35 pm

Re: Is the boom over?

Mon Mar 19, 2018 8:56 am

https://thinkpol.ca/2018/03/16/nearly-3 ... -february/


Even with all the doom and gloom I cant believe so many multi million dollar units are still moving.

In Feb 3 listings that sold stood out

12 million
18 million
17 million
 
rofina
Real Estate Talker
Posts: 1550
Joined: Fri Feb 06, 2009 6:39 pm

Re: Is the boom over?

Mon Mar 19, 2018 10:09 am

Discounts are more prevalent in the multi million dollar range.

Still not seeing listing growth that would lead to any meaningful price reductions. 
 
jimtan
Real Estate Talker
Topic Author
Posts: 5475
Joined: Tue Jul 31, 2007 10:59 pm

Re: Is the boom over?

Wed May 09, 2018 7:14 am

It is what it is...

"Vancouver Luxury Property Is North America’s Worst Performer


... Prices at the top end of the market plunged 7.6 percent in the six months to March, making it the world’s second-worst performer during that period, according to the latest global survey of prime properties by Knight Frank LLP. Only Stockholm did worse, falling 9 percent, while Toronto rose 6 percent and the top gainer was Seoul.

The findings -- based on the top 5 percent of the housing market in each city -- lend support to anecdotal evidence of a slowdown in Vancouver’s luxury segment after the hike of a tax on foreign buyers to 20 percent from 15 percent in February, the introduction of a speculation tax, and rising interest rates..."

https://www.bloomberg.com/news/articles ... -performer
 
jimtan
Real Estate Talker
Topic Author
Posts: 5475
Joined: Tue Jul 31, 2007 10:59 pm

Re: Is the boom over?

Sun May 13, 2018 11:08 pm

Finally, condoland's turn for a cold shower...

" Vancouver Condo Market Goes Flat in April"

http://vancitycondoguide.com/vancouver- ... -in-april/

Prime selling season it is not.  :mrgreen:

Who is online

Users browsing this forum: No registered users and 4 guests